Tap Invest, a fixed-income investment platform, has successfully raised $2 million in a seed funding round, with Turbostart leading the investment. It also saw participation from Snow Leopard Ventures, angel investors Kunal Shah and Kashyap Shah, as well as continued support from existing backers Upsparks and Superb Capital. Tap Invest, a fintech startup, offers asset renting as an alternative investment product.

In an interview with CNBC-TV18, Nishchay Nath, co-founder and CEO of Tap Invest, outlined three key areas of focus for the company. First, they will strengthen their internal operations, with a particular emphasis on enhancing risk monitoring capabilities. Second, they aim to deliver a world-class product experience at scale by heavily investing in digital channels. Lastly, Tap Invest plans to create awareness and expand distribution through retail and various market channels. These three areas will be the primary areas of focus for the company in the next 12 months.

In another development, Meolaa's founder, Ishita Sawant, outlined the utilisation of their $2 million seed fundraise. This funding round was spearheaded by Turbostart, which functions as both a fund and an accelerator. Meolaa, an e-commerce startup established in January 2023, had previously secured a pre-seed funding round in March, with investments from individuals including Ranjan Pai of Manipal Education and Nikhil Vora, the founder and CEO of Sixth Sense Ventures.

Furthermore, CNBC-TV18's Akhil Vishwanath delves into the strategies that Groww is employing to expand its market share, following its achievement of unseating Zerodha as India's leading broker in September. According to data from the National Stock Exchange (NSE), Groww boasted a robust active investor base of 6.63 million, surpassing Zerodha's 6.48 million.

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(Edited by : Keshav Singh Chundawat)